Bank of England’s Andy Haldane raises the stakes for UK companies as new speech challenges “shareholder-centric model” July 28, 2015 Bank of England chief economist Andy Haldane has stepped up his case for an overhaul of UK corporate governance with the publication of a surprising new speech. In the previously unpublished speech, first delivered at the University of Edinburgh in May, Haldane argues for a “fundamental re-rooting of company law” to challenge the “shareholder-centric company [...]
Bank of England intervention sparks debate over dividends after Andy Haldane says firms too focused on shareholders July 26, 2015 Surprising new suggestions from Bank of England chief economist Andy Haldane have opened up a debate over shareholder power. Haldane told the BBC on Friday that firms are “almost eating themselves” by focusing too much on returns for shareholders and not enough on long-term investment. “The profits that businesses are earning are being used not [...]
Interest rate rise by the Bank of England is the “greatest risk” to house prices July 24, 2015 House price growth for this year is on track to hit double-digit figures in a number of cities across Britain – providing the Bank of England doesn't hike interest rates anytime soon. House prices in the 20 cities monitored by Hometrack's cities house price index rose 6.3 per cent in the first half of 2015, and look set [...]
These are the best British employers for work-life balance: Euromonitor International, Bank of England and MediaMath July 24, 2015 We all know that the 24/7 business cycle, a globalised working environment and technology such as smart phones pushes our workload outside of typical 9-5 hours. But if you're fed up of the blurred line between work and play, then Glassdoor has put together a list of Britain's best employers for work-life balance. A recent [...]
Institute of Directors: Bank of England must raise interest rates now or risk being defenceless during the next crisis July 22, 2015 The Institute of Directors (IoD) has urged the Bank of England's monetary policy committee (MPC) to start raising the interest rate "now" or risk being "defenceless" when the next financial crisis comes. Read more: Pound jumps as Bank of England moves closer to rate hike In a statement released after yet another decision to hold rates [...]
Pound jumps as Bank of England rate-setters vote unanimously to keep rates on hold in July July 22, 2015 The pound rose 0.45 per cent against the dollar to $1.5624 this morning after members of the Bank of England's monetary policy committee (MPC) struck a more hawkish tone in minutes of a meeting published today. While all nine members voted to hold interest rates at a record low 0.5 per cent at its meeting [...]
Treasury to cut Bank of England monetary policy committee meetings from 12 to eight July 21, 2015 If you've been getting fed up with months of MPC updates with no change – and let's face it, after six years of the same update, who isn't – then there's some good news. The number of monetary policy committee meetings is about to be reduced to just eight per year, down from 12. This [...]
The Bank of England could – and should– have raised UK interest rates much sooner July 20, 2015 Heartening as it was to hear the governor of the Bank of England, Mark Carney, dropping hints last week about the raising of Bank Rate, serious doubts remain over the effectiveness of the low interest rate regime in reviving the economy. Moreover, the impression continues to be given that the delay in raising rates carries [...]
Bank of England governor Mark Carney would be wrong to hike interest rates this year, and the next move should be a cut July 20, 2015 At a time when central banks all around the world are stimulating their economies through monetary easing and/or quantitative easing, it's madness that the Bank of England is considering raising interest rates – and if anything the next move should probably be a cut to 0.25 per cent. The Bank of Canada cut rates last [...]
Bank of England minutes to give clue on rate hike – London Report July 19, 2015 INCREASED rhetoric from the Bank of England suggesting an interest rate hike could come soon has sparked extra interest in this week’s minutes of the latest Monetary Policy Committee meeting. The minutes, out on Wednesday, will give clues as to how many MPC members are likely to vote for an interest rate before the end [...]